Common use of Contingent Amount Clause in Contracts

Contingent Amount. As additional consideration for the contribution of the Shares, Nextera shall reserve for issuance to the Shareholders up to 1,450,240 shares of Nextera Class A Stock (as may be appropriately adjusted for stock splits, stock dividends and similar transactions which may occur after the date of this Agreement) to be issued to the Shareholders based on percentages specified in writing by the Shareholder Representative as follows (the "Contingent Amount"): (i) In the event that an Initial Public Offering (as defined below) occurs on or before February 29, 2000, the precise amount of Nextera Class A Stock to be issued to the Shareholders shall be determined in accordance with Exhibit B attached hereto. Subject to the Holdback Amount described in Section 2.1(c) above, any issuance of Nextera Class A Stock to the Shareholders under this subsection (i) shall be made promptly following the Initial Public Offering. (ii) In the event that an Initial Public Offering does not occur by February 29, 2000, then Nextera shall (a) issue the full amount of 1,450,240 shares of Nextera Class A Stock; and (